Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 13 years ago,

User Stats

77
Posts
1
Votes
Joanne Basecki
  • Property Manager
  • Johnson City NY
1
Votes |
77
Posts

HM lender vs revitilization of community

Joanne Basecki
  • Property Manager
  • Johnson City NY
Posted

My family (many are MDs working in medicare neighborhoods and doing well with it) taught me throughout the years how to identify buildings for a good professional use. We are mostly from NYC but I'd like to take the idea to Chicago.

Question: I am now searching for funding for a project in Chicago. The project (residential 4-units) is surrounded by buildings that I see as prime candidates for a professional use, already in correct zoning. In fact I am in the process of making offers on some. I wonder if the HM lender I am trying to locate to fix the 4-units could be inspired by the plans concerning the rest of the community? I see revitalization influencing the ARV of my 4-units and would not mind sharing the big picture observation with others as it could be mutually beneficial. However, might my HML share my views? Did anyone had success with this before?

Loading replies...